2013`s Fiscal Drag

The point is, all this is expiring at year end, and the hole will be $600 billion, or about 4 percent of GDP, and then we plunge into a nasty recession. Some items may be continued (if the Republicans and Democrats can agree to extend) but a realistic assessment is a fiscal drag. - USA Today 

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

2013: Perfect Storm Scenario

2013 perfect storm scenario: EuroZone train wreck; US back to stall speed with fiscal cliff; oil price spike as Iran war; China/Emerging Mkts hard landing. - in Twitter

Related: United States Oil Fund (USO), iShares MSCI Emerging Markets Indx ETF (EEM);

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

Is Russia A Dynamic Emerging Market? Not A Chance.

So if its government isn’t interested in western clubs, can we classify Russia as a dynamic emerging market? Not a chance.

In China, a Communist party has engineered a complex, high-powered economic engine that has lifted the country from abject poverty to become the world’s second-largest economy. India has produced some of the world’s more innovative private sector companies. Brazil is now an increasingly self-confident democracy with a well-diversified economy and a growing international profile.

Russia, by contrast, has become an authoritarian state built on Mr Putin’s reputation as a tough guy and the export of oil, gas, other natural resources and little else. Corruption is endemic. - in Economonitor

Related: Market Vectors Russia ETF (RSX)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

Greece Should Leave The Eurozone

Postponing the exit after the June election with a new government committed to a variant of the same failed policies (recessionary austerity and structural reforms) will not restore growth and competitiveness. Greece is stuck in a vicious cycle of insolvency, lost competitiveness, external deficits, and ever-deepening depression.

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

US Economic Data: Lousy Durable Goods Orders

Lousy durable goods orders; Q1 GDP growth to be revised down and Q2 starts on a weak note. - in Twitter 

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

The Greek Euro Tragedy Is Reaching Its Final Act

The Greek euro tragedy is reaching its final act: it is clear that either this year or next, Greece is highly likely to default on its debt and exit the euro zone. Postponing the exit until after next month’s election with a new government committed to a variant of the same failed policies will not restore growth and competitiveness.

Greece is stuck in a vicious cycle of insolvency, lost competitiveness, external deficits and ever-deepening depression. The only way to stop it is to begin an orderly default and exit, co-ordinated and financed by the European Central Bank (ECB), the European Union, and the International Monetary Fund (the Troika), that minimises collateral damage to Greece and the rest of the euro zone. - in Business Day 

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

Emerging Markets, Long Term & Short Term Prospects

So if you are willing to invest for the long run, yes on emerging markets. But if you're thinking about what's going to happen in the next few months, no country is an island.

Related ETFs: iShares MSCI Emerging Markets (ETF) (EEM)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

The European Recession Is Getting Worse

The European recession is getting worse. There's fiscal austerity that, in the short run, makes the recession worse. Second, the value of the euro is too strong for the countries on the periphery that have lost competitiveness. Third, you have a credit crunch because the periphery banks don't have enough capital, and they will be forced to cut credit. Fourth, you have the effects of high oil prices, and Europe depends 100 percent on oil imports. - in USA Today

Related: Ishares Germany ETF (EWG),  iShares MSCI Spain Index (ETF), 


Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

Global Growth Is Slowing

There is an overall slowdown of global growth. Europe is in a recession in the periphery countries, and it's getting worse. There is a double-dip recession in the United Kingdom, sluggish growth in Japan, and the data from many emerging markets are also suggesting a slowdown in China, Russia, Brazil, India and places like Turkey, Mexico and South Africa. - in USA Today 


Related ETFs: Market Vector Russia ETF Trust(RSX), iShares MSCI Spain Index ETF (EWP), iShares MSCI Brazil Index ETF (EWZ), iShares MSCI South Africa Index ETF (EZA), iShares MSCI Turkey Index Fund (TUR)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

Gold Isn`t Rallying Despite The Risk Off Sentiment

Gold bugs are hiding deep in their gold caves pondering why gold isn’t rallying in spite of the sharp spike in risk-off sentiment. - in Coin Week

Related: SPDR Gold Trut ETF (GLD), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX)


Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

Global Economy Outlook

You put it together — the euro zone troubles with the US slowdown, China...you could have a train wreck next year. - in the opening day of the Skybridge Alternative Conference

Related: iShares FTSE/Xinhua China 25 Index ETF (FXI), iShares Russell 2000 Index ETF (IWM), iShares MSCI Germany Index Fund ETF (EWG)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

If Contagion Reaches Spain And Italy, The Eurozone Will Breakup

If a small group of countries, Greece, Cyprus, Portugal, restructure and exit, the Eurozone survives. But if down the line the problems of debt, growth and sustainability spread to Spain and Italy, they lose market access, the bailout doesn’t work, they have to restructure the debt and eventually they might have to exit, that would be a breakup of the Eurozone. - in Forbes 


Related: IShares Italy (EWI), Ishares Spain (EWP)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

The Only Option To Restore Growth In Greece

Only option to restore growth in Greece: a negotiated exit from the Euro with Troika support to avoid overshooting and collateral damage. - in Roubini`s Official  Twitter 

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

The US Economy May Be Going Back To Stall Speed

The optimists today are saying the U.S. is on the cusp of a self-sustaining recovery. The data suggest that we’ll be lucky if this year we’re going to grow barely 2 per cent. - in Globe And Mail 

Related, SPDR S&P 500 Index ETF (SPY)

Elections: Greece Much More Serious Than France

Result of Greek elections much more serious than the French one, the former leads to chaos while Hollande will turn out to be a moderate. - in Roubini`s Official Twitter 

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

Employment Report: US Recovery Is Anemic And Fragile

Employment report confirms that the U.S. recovery is anemic and fragile. Details are also weak as earnings and workweek are flat. - in a recent tweet, Roubini`s Official Twitter 


Related, iShares Barclays 7-10 Year Treasury Bond Fund (IEF), SPDR S&P 500 Index ETF (SPY);

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

What Is The ECB Waiting For?

Eurozone service PMIs confirm that the region's recession is becoming deeper. What is the ECB waitin for? - in a recent tweet 

Related: interest rates, iShares MSCI Spain Index ETF (EWP), iShares MSCI Italy Index ETF (EWI), iShares MSCI Germany Index Fund ETF (EWG)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

Eurozone Crisis: Some If`s

If something disorderly, either disorderly default and/or disorderly breakup were to occur in the eurozone, certainly financial contagion would be significant. - in CNN 


Related: iShares MSCI Italy Index ETF (EWI), iShares MSCI Spain Index ETF (EWP)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

Geopolitical Tensions

There’s still a risk that there will be a military confrontation between Israel, and the US, and Iran. - in the Milken Conference 

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

Euro Currency: A Breakup Is Going To Be A Mess

If you can't either devalue the euro to a real depreciation, inflate yourself, or grow yourself out of this problem, or deflation is not going work, the only solution is going to be to give up the euro and go to a national currency.

But if enough of those countries do that, the collateral damage in terms of losses to the creditors is going to be massive. So a breakup is going to be a mess. - in CNN


Related: iShares MSCI Germany Index Fund ETF (EWG), iShares MSCI Italy Index ETF (EWI), iShares MSCI Spain Index ETF (EWP), EURUSD forex cross 

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

The Arab Spring Will Become An Arab Winter

"The entire Middle East is a mess, and it's not just Iran and Israel. The Arab spring will become an Arab winter." - in CNN


Related: Oil Futures, United States Oil Fund (USO)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

China`s PMI: Still Below The Critical 50 Level

China HSBC Manufacturing PMI 49.3 in April Vs Preliminary 49.1. Up but still below the critical 50 level. - in a recent Twitter 


Related, iShares FTSE/Xinhua China 25 Index ETF (FXI), iShares MSCI Emerging Markets Index ETF (EEM)  

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.